FundedIQ
Financial Services

Spenmo: Funding, Investors & Team (Aug 2026)

Spenmo is a platform to help businesses manage spending by tracking company cards, automating invoice payments, and digital ledgers across transactions. The company was founded in 2019 and is based in Singapore.

www.spenmo.com LinkedIn Singapore, Singapore 101-250 employees
B2B Consumer Financial Services FinTech Payments
Total raised
$121M
Rounds
3
Latest
Series B
Jan 2022

Spenmo has raised $121M across 3 funding rounds on record, the most recent a Series B of $85.4M announced in Jan 2022.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Spenmo Company Profile and Key Stats

Total funding raised
$121M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Series B
$85.4M in Jan 2022
Employees
101-250
reported band
Headquarters
Singapore, Singapore

Latest funding round on record: Jan 2022.

Spenmo Funding Rounds

Date
Round
Amount
Series B
$85.4M
Series A
$34.0M
Undisclosed round
$2.0M

Spenmo raised $2.0M in an undisclosed round announced in Aug 2020.

1.1 years later, a Series A of $34.0M was announced in Sep 2021.

4 months later, a Series B of $85.4M was announced in Jan 2022.

Spenmo Founders and Leadership Team

Name
Role
Contact
Mohandass Kalaichelvan
CEO
Locked

Contact details for the Spenmo team: 1 of 1 has an email address on file.

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Spenmo Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
985
$5.0M
4,289
$30M

Spenmo's latest round of $85.4M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Spenmo Funding FAQs

What does Spenmo do?

Spenmo is a platform to help businesses manage spending by tracking company cards, automating invoice payments, and digital ledgers across transactions. The company was founded in 2019 and is based in Singapore.

How much funding has Spenmo raised?

Spenmo has raised $121M across 3 rounds on record. The most recent is a Series B of $85.4M announced in Jan 2022.

When did Spenmo last raise funding?

Spenmo's most recent funding round on record is a Series B of $85.4M, announced in Jan 2022.

Who is the CEO of Spenmo?

Mohandass Kalaichelvan is listed as CEO at Spenmo.

Where is Spenmo headquartered?

Spenmo is based in Singapore, Central Region, Singapore.

How many employees does Spenmo have?

Spenmo is in the 101-250 employee band.

How does Spenmo's funding compare to other Financial Services startups?

Spenmo's latest round of $85.4M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Spenmo Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spenmo is left off this page rather than filled in.

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